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Consumer Prices Index saw inflation rise to 5.5% in January

The latest inflation data released by the Office for National Statistics (ONS) has seen the Consumer Prices Index (CPI) reach 5.5%. The latest high for inflation represents the fastest growth in prices for consumer goods in almost 30 years, when, based on historical modelling, the CPI reached … [Read more...]

NPIF exceeds £300 million investment milestone

The Northern Powerhouse Investment Fund (NPIF) has now invested over £300 million into businesses in the North of England, as well as supported a further £400 million in co-investment from the private sector. The fund was established in 2017 to address an imbalance in investment activity and … [Read more...]

Handelsbanken explains the week’s economic news

Handelsbanken have summarised the latest economic news after a busy week of data for financial markets to digest. Omicron variant peaked?There are signs that the spread of the Omicron variant may have peaked in the UK (particularly in London), and the UK economy is beginning to show signs of … [Read more...]

Cheadle lender secures increased bridging facility

Cheadle based specialist lender and mortgage provider has announced it has increased its facility for unregulated bridging lending to £400 million. The Delta Asset Backed Securitisation 2 Limited facility (DABS) has been extended to December 2025, and increased from £200 million to £400 million … [Read more...]

Stockport Credit Union records busiest ever month

Stockport Credit Union (SCU) has recorded the busiest month its ever had, lending over £230,000 to members in November, beating previous records by 38%. In the last financial year, the Brinnington-headquartered credit union also achieved its best results with an average of nearly 100 new members … [Read more...]

Vernon Building Society launches new website

Stockport’s mutual, Vernon Building Society, has launched its brand new website to make it easier for borrowers and savers to access and interact with the society online. The website has had a facelift with a fresh look and feel, giving members easy access to the society’s mortgage and savings … [Read more...]

Small businesses encouraged to seek support with managing cashflow

With the ongoing impact of the coronavirus pandemic putting financial pressure on many organisations, businesses in Stockport, particularly smaller companies, are being encouraged to seek out further support if they are struggling with cashflow. A recent report from the government's Department of … [Read more...]

HSBC launches £500 million Green SME Fund at COP26

British bank, HSBC, has announced the launch of a £500 million Green SME Fund to help small businesses transition to net-zero. The fund, launched at the COP26 global climate summit currently taking place in Glasgow, is part of a worldwide commitment from the banking giant to finance up to $1 … [Read more...]